For-Profit Schools
Education Department Expands Student Loan Relief Programs
The Education Department finalized a flurry of new rules on Monday for its student loan programs, rolling back changes made during the Trump administration and making adjustments that will reduce the total sums owed by many borrowers. Education Secretary Miguel Cardona called the new rules “a monumental step forward in the Biden-Harris team’s efforts to […]
Know More
Government to Cancel $6 Billion in Student Loans for Defrauded Borrowers
Around 200,000 former students who attended schools that they said had defrauded them will have $6 billion in federal loans canceled under a sweeping settlement announced on Wednesday, the latest move by the Biden administration to address the student loan crisis by eliminating some debts. Those who applied for relief — some as long as […]
Know More
Lawsuit Charges For-Profit University Preyed on Black and Female Students
WASHINGTON — Aljanal Carroll never doubted her ability to beat the odds — not when a doctor told her she would never attend school after battling spinal meningitis as a child, or when she set her sights on a 4.0 G.P.A. in her master’s program, or when she heard it was rare for Black women […]
Know More
Navient’s $1.7 Billion Student Loan Settlement Was Too Good to Be True
After years of struggling to make payments that hardly put a dent in the loans she took out to attend a now defunct arts school, Victoria Linssen saw a glimmer of hope. A deal last month between 39 states and Navient, a student lending giant accused of unfairly ensnaring borrowers like her, would wipe away […]
Know More